Binance Margin & Binance Earn System Upgrade Notice (2023-06-13)
Binance will perform scheduled system upgrades for Binance Margin and selected Binance Earn products from 2023-06-13 06:00 (UTC) to 2023-06-13 07:00 (UTC).
The following services will be suspended during the upgrade:
All Margin-related services, including but not limited to trades, borrowing, repayments, and the transfer of funds between Margin wallets and other wallets.
Subscriptions and redemptions of Simple Earn Flexible Products and BNB Vault.
New Auto-Invest plan creation, and crypto purchases via Auto-Invest with assets from Simple Earn Flexible Products.
Binance Pay transactions using balances from Simple Earn Flexible Products.
DOT to BDOT conversion and rewards redemption functions in DOT Slot Auction.
To avoid any potential liquidation following the resumption of the liquidation mechanisms due to any price fluctuations during this period, users are strongly advised to reassess their collateral balances and Margin positions prior to the scheduled upgrade.
Open orders on Margin will not be impacted and may be executed during the system upgrade if the relevant conditions are met. No Margin borrowing interest fees will be charged on open Margin positions during the system upgrade.
Users are responsible for ensuring that they maintain sufficient collateral against open Margin positions. Binance will not be liable in the event that a user’s positions are liquidated due to insufficient collateral.
All cryptocurrencies purchased via Auto-Invest plans during the system upgrade will be directly transferred to users’ Spot Wallets instead of Simple Earn Flexible Products.
During the system upgrade, users who have enabled the [Use Simple Earn Flexible Balance] function for Auto-Invest subscriptions previously, will continue to purchase cryptocurrencies via their Auto-Invest plans using their Spot Wallet balance instead.
The duration of the system upgrade is based on our best estimates and may vary. All impacted functions will resume once the system upgrade is complete. There will be no further announcement.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
We apologize for any inconvenience.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.